Forex Trend Analysis Report
Prepared for you on Monday, February 18, 2019.
British Pound/ (FOREX:GBPLFX)
Smart Scan Chart Analysis indicates that the upward trend for this market is at a crossroads and has possibly ended. Look for choppy trading conditions in the near term Trading Range Mode.
The Trade Triangles are generated using a proprietary algorithm that is comprised of weighted factors that include, but are not limited to - price change, percentage change, moving averages, and new highs/lows. The MarketClub trading strategy is based on the triangles, learn more here.
MarketClub’s Trade Triangles for GBPLFX
The long term trend has been DOWN since Dec 3rd, 2018 at 2.57795
The intermediate term trend has been UP since Jan 17th, 2019 at 2.60435
The short term trend has been UP since Feb 18th, 2019 at 2.61815
Smart Scan Analysis for GBPLFX
Based on a pre-defined weighted trend formula for chart analysis, GBPLFX scored +50 on a scale from -100 (strong downtrend) to +100 (strong uptrend).